ES-09-17-08

This has been one crazy week.Vix closed over 30 yesterday. Ticks were at extremes. However, before we get too giddy, be aware that a retest of the low would be expected at some point.Personally , i would rather see that sooner instead of say, Oct. Having said that i repeat that all the pieces are in place for a tradable, even significant rally. Vol., VIX,a/d, all say so. IN the meantime , caution is the buzzword because of the extreme volitility. Very tough to trade. Good luck all!